Saudi Arabia's annual inflation rate slows to 1.9% in November

Higher housing and fuel costs drive Saudi inflation

Consumer price index at 1.9% Up from 1.5% a year earlier Measures to tackle rising rents Saudi inflation increased to 1.9 percent in November, driven by higher rent and fuel prices, according to government data. The country’s consumer price index stood at 1.5 percent in November 2024. However, CPI has slowed from 2.2 percent in October and is at its lowest level since February. The cost of housing, water, electricity, gas and other fuels surged…

Saudi Arabia's annual inflation rate slows to 1.9% in November

Inflation based on the consumer price ⁠index has hovered around 2.1% to 2.3% for most ⁠of the ‌year, propped up by rising housing prices